Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
BldSwtTrs
on 27/12/2015, 20:08:36 UTC
Miners incentives in mining blocks are NOT aligned with node users and leaving them the decision as to what size the block should be inevitably leads to an ostracization of low bandwidth nodes. The centralizing effect is undeniable.
I am afraid you are mistaken.

Low bandwitch nodes will exit the market the same way as unproductive producers exit any given market under free competition. It's a mechanism as old as markets. Do you see a centralization of production in market economy?

The fundamental mistake underlying your assertion is to assume that because there is a selection process it's somehow undermine competion (needless to say that competition is the essential decentralization force).

Both (selection process and competition) can exist at the same time.

The peer-to-peer network is not a production market.


That was just an example which illustrates that in a real world environnement competition and selection are not antithecial.

Low bandwitch nodes exiting the node pool doesn't imply nodes centralization. You need to get back with a better argument or accept that your conclusion is flawed.

Yes it does because Bitcoin is not about efficiency but resilience. It ought to remain a low-latency network or else it inevitably leads to destruction of fundamental properties.

https://np.reddit.com/r/Bitcoin/comments/3ycizh/decentralizing_development_can_we_make_bitcoins/cycex9t?context=1
So let's take another example: the gene pool of any given species. It's about resilience too.
Not useful enough genes exit the gene pool regularly, does that mean that the gene pool of any given species end up gravitating toward a single gene?

If low bandwitch nodes exit the nood pole that only means we will have a fitter node pool. It doesn't imply anything about the node count.